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Print Form Direct Deposit Authorization Form Employee Information: Thank you for choosing direct deposit. Due to payroll processing schedules, this may not become effective until your second pay cycle.
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Due to payroll processing schedules, this may not become effective until your second pay cycle. You will receive a reminder by email that your request to use direct deposit has been accepted. If your account is linked to your 401(k) or 403(b), you will be notified by direct deposit that your request is pending approval. If you are unsure about your account's eligibility for direct deposit, you may request an email update to verify your status. NOTE: Employees may change their name and/or gender change the information on the Employee Information section of the Account Status page for this account. Important Notice on IRS Computation of Self-Employment Tax Withholding: The income reported on Form W-2 is "self-employment income," which means it is not subject to the federal self-employment tax. When you report your wages, you are also reporting a portion of your tips. The credit for the portion of your tips reported on the Form W-2 will be reported to the Internal Revenue Service (IRS) on your tax return. Since wages and tips are considered part of your self-employment income, the Internal Revenue Service considers its part to be taxable income, such as capital gains and ordinary income. Therefore, you cannot exclude the amount you report as "self-employment income" from the part of your income subject to self-employment tax. In addition, to the extent your self-employment income is more than the threshold amount shown in the following table, you must report the entire amount on your federal income tax return. This means you will generally be required to include your self-employment tax and Social Security and Medicare taxes, if any. Taxable income threshold Social security and Medicare tax Credit for self-employment income $0 $0 $0 Your tip income as reported on your Form W-2: $0 $0 $0 If the total amount of self-employment income (less employer's withholdings and credits) you report on your Federal tax return exceeds your threshold amount, you will have to pay self-employment tax on the excess. Tip Credit: This credit allows you to exclude from your gross income up to $30.00 in tips you receive from your employer or if you do not have to pay payroll tax on your tips, you could exclude these tips from your gross income. Note: If your Form W-2 includes tips in excess of the applicable threshold amount, you must be provided a paper Form W-2. Paper Form W-2 is not available in some cases. For more information
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